British (& Aussie) RMBS Invasion Anticipated.

The article reports on the issue regarding the Residential Mortgage-backed Security (RMBS) deals made by Great Britain and Australia in the issuance market. According to a market participant, investors are seeking to diversify out of the U.S. home equity stuff since people are not fully satisfied of RMBS paper issued in Great Britain. Reports also commented that securitization was only being utilized by bigger players in which participants did not see the need to free up capital.